Keck Seng may climb higher, says RHB Retail Research

TheEdge Thu, Dec 13, 2018 08:34am - 5 years View Original


KUALA LUMPUR (Dec 13): RHB Retail Research said Keck Seng (Malaysia) Bhd may climb higher after posting a white candle and leaving an upside gap yesterday.

In a trading stocks note today, the research house said the 21-day SMA line will likely start turning upwards, which implies a positive outlook.

“A bullish bias may emerge above the RM4.08 level, with an exit set below the RM3.95 level.

“Towards the upside, the immediate resistance is at RM4.24. This is followed by the RM4.35 level,” it said.

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